Welcome to our dedicated page for Northern Trust news (Ticker: NTRS), a resource for investors and traders seeking the latest updates and insights on Northern Trust stock.
Northern Trust Corporation (Nasdaq: NTRS) is a financial services company in the commercial banking and broader finance sector, focusing on wealth management, asset servicing, asset management and banking services for corporations, institutions, affluent families and individuals. The NTRS news feed highlights how the firm’s global platform, institutional relationships and wealth capabilities evolve over time.
News about Northern Trust often covers mandates and client wins with institutional asset owners and investment managers. Recent announcements include expanded global custody and investment operations roles for pension providers, new middle office and investment operations outsourcing appointments, and asset servicing mandates for multi-asset fund ranges. These items illustrate how Northern Trust supports pensions, endowments and other asset owners across custody, fund administration, middle office and currency management.
Coverage also features asset management developments, such as Northern Trust Asset Management’s direct indexing solutions for ultra-high-net-worth portfolios, its views on global investment outlooks, and its role as a global investment manager. These stories provide insight into how the firm approaches capital markets research, portfolio construction, risk management and tax-aware investing.
Investors and observers will also find corporate and leadership updates, including leadership appointments within asset servicing and wealth management, and information on earnings webcasts and conference calls. Banking-related news, such as changes to the company’s prime rate, appears alongside broader commentary on economic conditions and asset class views from Northern Trust Asset Management.
By following NTRS news, readers can track how Northern Trust engages with institutional and wealth clients, how it positions its asset servicing and asset management capabilities, and how management communicates its perspective on markets and the company’s strategic priorities. This page aggregates these updates in one place for convenient ongoing monitoring.
Northern Trust Corporation (NASDAQ: NTRS) has announced a quarterly cash dividend of $0.75 per share on its common stock, payable on April 1, 2023. Record date for this dividend is March 10, 2023, 5:00 p.m. Chicago time. Additionally, it declared cash dividends of $2,300 for Series D preferred stock and $293.75 for Series E preferred stock, each payable on April 1, 2023, with record dates of March 15, 2023. Northern Trust, a leading provider in wealth management and financial services, reported assets under custody of US$12.8 trillion and assets under management of US$1.2 trillion as of September 30, 2022.
Northern Trust, managing US$1.2 trillion in assets, anticipates a turbulent 2023 amid global economic challenges. Although inflation pressures are easing and central banks may pause rate hikes, market volatility is expected to persist. Chief Investment Officer, Angelo Manioudakis, highlights the tension between weak global growth and improved investor sentiment. The firm's 2023 Outlook identifies investment themes like 'Slow Growth Transitions' that will impact asset allocation. High yield bonds are favored in fixed income, while equities face volatility due to disappointing growth.
Northern Trust (NASDAQ: NTRS) released its second annual Business Owner Benchmark survey, revealing insights from over 150 business owners. Key findings show that 32% of respondents do not plan to retire, preferring to stay actively involved in business. Despite 90% having estate plans, a third haven't updated them recently. Post-sale, 37% reported improved lives, yet 59% expressed concerns about buyer treatment of employees. The survey highlights the significance of proactive wealth planning and estate management for entrepreneurs.
Northern Trust announced the appointments of Steven Reydel and Michael McMaster as heads of North America Fund Accounting and Fund Administration, respectively. Reydel, with 20 years of experience, will focus on establishing the Global Fund Services (GFS) business in Boston, while McMaster brings over 25 years of expertise, having previously worked at Northern Trust. Their leadership is expected to enhance client services and operational efficiency in response to market needs.
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Northern Trust Corporation (NASDAQ: NTRS) will host a live webcast of its fourth quarter 2022 earnings conference call on January 19, 2023, at 8:00 a.m. CT. This follows the release of its earnings press release on the same day. Interested parties can access the earnings press release and related presentation materials through Northern Trust’s website. Established in 1889, Northern Trust provides wealth management, asset servicing, and banking services globally, managing assets worth $12.8 trillion under custody and $1.2 trillion in assets under management as of September 30, 2022.
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Northern Trust Asset Management (NTAM) has released its 2022 edition of “The Risk Report,” analyzing 280 institutional equity portfolios totaling over US$250 billion. The report highlights six common drivers of unintended investment results, including an excess of uncompensated risks compared to compensated risks. Active risk is necessary for excess returns, but the report shows institutions faced a challenging market with overlapping strategies diluting expected performance. Key findings underscore the need for better risk management in asset allocation.
Northern Trust has appointed Monica Safapour as the new Market President for the Santa Barbara office, tasked with enhancing client service and growing the Wealth Management platform. Previously, Safapour led estate settlement services in the West Region and has extensive experience, including a role at Wells Fargo Private Bank. Her leadership is expected to bring fresh perspectives and drive business growth. The company manages $336.2 billion in assets as of September 30, 2022, indicating a robust foothold in the wealth management sector.
Northern Trust Asset Management (NTAM) has expanded its Minority Broker Program from 11 to 16 minority-owned broker-dealers, enhancing its commitment to diversity and inclusion. This program, initiated in 2007, selects firms based on execution capabilities and performance. As of June 30, 2022, NTAM has invested approximately $5.7 billion with 21 minority-owned investment managers. The firm received a 100% score in the Disability Equality Index and is recognized for its diversity efforts. NTAM aims to ensure high service levels through rigorous selection processes among brokers.